Word: milles
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Dates: during 1940-1949
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...small industry was finished. But with the discovery a few years ago of a rich vein of iron ore in Newfoundland and Labrador came the hope of an even greater share of the nation's manufacturing wealth. As it stands now, plans are being made to build as steel mill in one of New England's seaports before 1953 and to set up shipping traffic in ore between that port and the mines to the north...
...England Council Steel Committee is directing the early planning for the mill. Formed three years ago, this group has the job of selecting the site and arranging for the financing of the new enterprise. Finding a location is the Committee's biggest problem-not because it can't find a suitable city but because so many cities are seeking such an industtry to ward off unemployment. Boston would like to see the mill in adjoining Hingham or Everett; the only steel plant now in New England is a small one on the Mystic River flats in Everett. Hingham, however...
...London, Connecticut is the best bet to get the mill in the end. Ample acreage, good port facilities and railroads, an excellent fresh water supply in the Thames River, plus a proximity to the firearms and precision instrument factories in southern New England, all make New London the most logical site. New London would like the will, furthermore, because the city has felt serious unemployment with the closing down of so many Coast Guard activities; like all the other cities, New London would be glad to see the 20,000 to 30,000 jobs that the mill would make whether...
...begin operations, the mill need anywhere from 150,000,000 to 215,000,000 dollars. One rumor from Washington stated that the Reconstruction Finance Corporation had offered the minimum figure as a start to any company desiring to begin construction. But, the New England Council Committee has said that it would rather see private than RFC financing; as an initial gesture, the Council has formed a "New England Steel Mill Organizing Corporation" with a capital of $300,000 to promote private investment in the plant. The Council, too, has emphasized strongly that it would not care to have...
Should pension systems be set up for all U.S. industrial workers? Last week, after a survey of 1,000 industrial executives, Mill & Factory magazine reported that 78% of them would go along with some sort of company pension plan. Only 6% think the company should bear the entire cost. As for federal pensions, 89% would rather install company plans than pay for a major expansion of the Government's Social Security program. Growled One Midwest manufacturer: "Our whole system is degenerating to the point where something for nothing is a fad . . . The mad scramble...